Immersion Soars On Google-Motorola Settlement

By Teresa Rivas

Immersion (IMMR) was recently rising more than 26% in afternoon trading, following news this morning that it had reached a settlement agreement with Google (GOOG) and Motorola Mobility over claims of patent infringement.

Immersion said that much of the settlement, which dismisses all pending litigation between the firms, is confidential, but it includes a licensing agreement as well as compensation for past devices that used its technology. CEO Victor Viegas said in a statement that the agreement would not materially impact the company’s full 2012 results.

Immersion had alleged that some of Motorola’s smartphones, using Google’s Android operating system, infringed on the firm’s touch-screen patents.

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Tech Trader Daily is a blog on technology investing written by Barron’s veteran Tiernan Ray. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields. Comments and tips can be sent to: techtraderdaily@barrons.com.